Linc Energy to bring coal tenement into early production
LINC Energy will attempt to bring its Teresa thermal coal tenement, north of Emerald, into early production to enhance its sale value.
Through its subsidiary New Emerald Coal, Linc last month signed off on an initial three million tonne per annum export capacity deal with the Gladstone Ports Corporation, with the potential to go up to 5.5Mtpa.
New Emerald Coal is due to finalise a pre-feasibility study on the tenement in June ahead of lodging the Environmental Impact Statement with the State Government.
"Linc Energy (has) renewed the notices of entry to facilitate access to the project area properties," the company said.
"Linc undertook further stakeholder engagement through communications focused on the EIS progress and specific concerns of key stakeholder groups such as potential subsidence and groundwater impacts."